Download e-book for kindle: Accounting for Investments, Volume 2--Fixed Income and by R. Venkata Subramani

The monetary trouble that begun in mid-2007 led to the accounting average setters and industry regulators around the globe to come back up with numerous proposals to switch the accounting criteria. Accounting for Investments, quantity 2: fastened source of revenue and rate of interest Derivatives covers the revised criteria which are already said and covers the proposals which are presently being reviewed. The e-book starts with the fundamentals for the monetary items coated, defining the product, how it is based, its benefits and drawbacks, and the several occasions within the exchange existence cycle. It then supplies an exhaustive remedy of assorted accounting entries that are meant to be recorded through any entity retaining investments within the kind of fastened source of revenue securities and rate of interest derivatives.

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Extra info for Accounting for Investments, Volume 2--Fixed Income and Interest Rate Derivatives. A Practitioner's Handbook

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My sincere appreciation is to the author for a job well done. N. Rangachary Retired Chairman Central Board of Direct Taxes, New Delhi, Government of India Insurance Regulatory and Development Authority, Hyderabad Preface Accounting for Investments—Fixed Income Securities and Interest Rate Derivatives is the second volume of the Accounting for Investments series. This volume covers the financial instruments of fixed income securities and interest rate derivatives viz. interest rate swaps, caps, floors, collars, reverse collars and cross-currency swaps.

Those who are entirely new to the field of accounting should refer to some basic accounting books before attempting this one. It might be useful to have some basic orientation on accounting for investments, especially plain derivatives on equity instruments like equity futures and equity options to understand better the concepts given in this volume. However, it is not a must and the reader can easily grasp the essentials as this volume is meant to be self-sufficient in dealing with basic accounting concepts in so far as it relates to the particular financial instrument under review.

First an explanation of what is meant by derivatives in a financial instrument is explained, followed by a definition of derivatives as per US GAAP as well as IFRS accounting standards. Then the nuances of over-the-counter derivates are elaborated on comparing the same with exchange-traded derivative contracts. The benefits of interest rate derivatives are spelled out. The following common types of interest rate derivatives are briefly explained viz. forward rate agreements, interest rate swaps, caps, floors, interest rate collars, reverse collars, swaption, and cross-currency swaps.